The Houston Rockets are entering a pivotal offseason after a grueling seven-game series loss to the Golden State Warriors in the first round of the 2024 NBA Playoffs. With the early exit behind them and the focus now shifting to roster decisions, one of the major storylines centers around veteran point guard Fred VanVleet. Reports have emerged that the Rockets are engaged in internal discussions about potentially altering the terms of VanVleet’s contract, signaling a critical moment for both the franchise and the seasoned guard.
VanVleet, now 31 years old, joined the Rockets in 2023 on a three-year, $128 million deal. The contract was structured with the first two years guaranteed, while the third year—a $44.9 million team option for the 2025-26 season—was left in the hands of the Rockets. Under the original terms, the organization was required to make a decision on that option by early May. However, new reports from well-respected NBA insiders Marc Stein and Jake Fischer suggest that Houston is seeking to move the decision date to the end of June, providing them with more time to evaluate their options.
“The Rockets are in discussions to move the decision date on Fred VanVleet’s player option to the end of June. Under the original terms, Houston must decide on VanVleet’s $44.9 million team option for 2025-26 this week,” Stein reported.
This shift in timing could prove crucial, as it would allow Houston’s front office to assess the broader landscape of free agency, draft prospects, and trade opportunities before committing to such a significant financial decision. VanVleet, a former NBA champion with the Toronto Raptors, brought leadership, playmaking, and experience to a young Rockets team this season. His presence on and off the court was widely viewed as instrumental in helping develop Houston’s core of rising stars.
However, with the team at a crossroads and a substantial salary cap hit looming if they pick up VanVleet’s option, the front office is understandably exploring all possibilities. Declining the option would free up significant cap space for potential signings or trades, while exercising it could secure a trusted floor general as the team continues its rebuild.
The discussions also open the door to possible contract restructuring. The Rockets could be considering ways to retain VanVleet’s services on a more team-friendly deal that provides greater flexibility in building a competitive roster for the future.
Ultimately, the decision regarding VanVleet’s contract will be a telling sign of Houston’s direction this offseason. Do they double down on veteran leadership, or pivot toward a more financially flexible future? As the Rockets weigh their next move, all eyes will be on how they handle one of the most consequential contracts on their books.
With June approaching fast, and the NBA Draft and free agency just around the corner, Houston’s front office has a high-stakes decision to make—one that could shape the franchise’s trajectory for years to come.
